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Wall Street asset manager Bernstein is maintaining its $190 price target for Circle, the issuer of the world's second-largest stablecoin, USDC. This represents a potential upside of approximately 70% from the stock's closing price on March 9. According to The Block, Bernstein analysts said the adoption of stablecoins by people, businesses, and potentially AI agents is accelerating. The firm is maintaining its "outperform" rating for Circle's stock and its $190 price target. Bernstein added that the proliferation of stablecoins is steadily advancing, irrespective of investment sentiment within the crypto market. As their utility as a payment method grows, stablecoins are expanding their role as a "global digital dollar banking infrastructure," the analysts noted.

The market for tokenized stocks has exceeded $1 billion, Cointelegraph reported, citing Foresight Ventures and RWA.xyz. The report noted that the market has grown significantly as platforms supporting stock trading services on the blockchain have rapidly expanded their trading volume and liquidity. Currently, the market is led by Ondo Finance and the tokenized stock platform xStocks. The report explained that regulatory barriers, liquidity scale, and differences in tokenization structures among platforms are shaping the competitive landscape, with the market rapidly reorganizing around early leaders.

Cryptocurrency platform operators in Thailand have frozen more than 10,000 accounts suspected of involvement in illegal money laundering, Cointelegraph reported. The move comes as Thailand’s Securities and Exchange Commission (SEC) and related agencies step up efforts to combat money laundering and fraud involving digital assets. Thai authorities are collaborating with financial and investigative bodies to counter these illicit activities, and an estimated 47,692 suspicious accounts were reportedly frozen in 2025.

MicroStrategy (MSTR), the largest corporate holder of Bitcoin, is believed to have purchased approximately 1,420 BTC on March 9 with funds raised from selling its perpetual preferred stock (STRC), CoinDesk reported. According to the report, the sale of STRC on March 9 was the largest on record, and the proceeds were likely used to acquire more Bitcoin. Intraday trading volume for STRC reached about $300 million, significantly exceeding its 30-day average of $124 million. The move follows an amendment to MicroStrategy's Omnibus Sales Agreement, disclosed in an 8-K filing a day earlier. The filing, which U.S. listed companies use to promptly inform investors of significant events, now allows multiple sales agents to sell the same type of security simultaneously within a single day during pre-market or after-hours trading. CoinDesk noted that this change was likely implemented to more easily facilitate the sale of STRC to fund BTC purchases.

Robert Kiyosaki, author of 'Rich Dad Poor Dad,' warned on X that a major financial crisis could occur this year, advising investors to turn to physical and alternative assets like gold, silver, BTC, and ETH. He noted that he had previously warned of the biggest stock market crash in history and was proven correct. While he hopes to be wrong this time, Kiyosaki believes a financial market collapse appears to be materializing because the fundamental causes of the 2008 financial crisis were never resolved. He recalled predicting the collapse of Lehman Brothers on a CNN program in 2008, just days before the firm went bankrupt. Kiyosaki suggested that this year's crisis could be triggered by BlackRock's private credit market, adding that if problems arise there, the impact would be substantial. He also warned that the retirement funds of baby boomers worldwide could take a significant hit, as the global economy is burdened with an immense amount of difficult-to-repay debt. He emphasized that he has consistently recommended acquiring physical and alternative assets like gold, silver, BTC, and ETH.

An analysis suggests that a rapid increase in short positions in the XRP perpetual futures market is heightening the risk of a short squeeze and a temporary price rebound. The Crypto Basic reported, citing data from CryptoQuant, that XRP open interest on Binance grew by approximately $15 million on March 9. Over the same period, the perpetual futures Cumulative Volume Delta (CVD) remained negative at -$2.75 billion, indicating a prevalence of sellers in the derivatives market. This signifies that short positions are increasing relative to long positions. When open interest rises while the CVD stays negative, the likelihood of a short squeeze or a price rebound can increase, even amid strong selling pressure. This pattern emerges as traders, betting on a price decline, continuously place market sell orders. If the market becomes overly crowded with short positions, even a minor halt in the price decline or a slight rebound could trigger a cascade of short liquidations, creating strong buying pressure. However, the outlet noted that the original downward trend could resume after any short-term surge or liquidation-driven rally.

The Tron (TRX) DAO announced on March 9 that it has joined the Agentic AI Foundation (AAIF), an organization under the Linux Foundation. The AAIF aims to provide a neutral governance framework for open and interoperable infrastructure as agentic AI systems transition from experimental to operational phases. As a Gold Member, Tron will serve on the foundation's governing board. In connection with the move, Tron founder Justin Sun stated that open, reliable, and globally accessible infrastructure is essential for autonomous AI systems to operate safely and at scale. He added that as a member of the AAIF, Tron will contribute to developing an open framework that enables AI agents to interact with decentralized networks and digital financial infrastructure.

U.S.-based private manufacturer Giga Inc. announced on March 9 that it has purchased an additional 38.03 BTC. The company invested approximately $2.8 million in the acquisition at an average price of $76,063 per BTC. With this latest purchase, Giga now holds a total of 1,252 BTC. The company has operated as a Bitcoin strategic accumulation company (DAT) since 2021, listing the cryptocurrency on its balance sheet.

South Korea and Canada held their first-ever Cyber Policy Council on Tuesday, agreeing to bolster cooperation against cyber threats, particularly North Korea's theft of virtual assets. According to News1, South Korea's Ministry of Foreign Affairs hosted the meeting in Seoul. Both nations acknowledged the need for close collaboration to effectively counter cybercrimes, including online scams and new threats leveraging artificial intelligence (AI), and will explore specific measures for cooperation.

Mohammad Bagher Ghalibaf, the Speaker of the Iranian Parliament, stated on his X account that Iran absolutely does not want a ceasefire. He said the country must deliver a decisive blow to teach the aggressor a lesson so that it never again considers attacking Iran. Ghalibaf added that the Israeli regime expands its dominance through a vicious cycle of war, negotiation, and ceasefire, only to return to conflict, and that Iran intends to break this pattern. Ghalibaf is a former commander of the Islamic Revolutionary Guard Corps (IRGC) Aerospace Force and is considered a prominent hardliner in Iranian politics.

The Kaia DLT Foundation announced on its official Japanese X (formerly Twitter) account that it was developing a won-based stablecoin infrastructure with KakaoBank, but later deleted the post, AsiaA reported. In response, KakaoBank has denied the claim, stating it is "groundless."

South Korea's National Tax Service (NTS) is considering a plan to manage cold wallets containing seized virtual assets by entrusting them to an external professional custodian, The Herald Business reported. The move is being reviewed as the country's National Assembly examines the agency's follow-up measures after a recent theft. On Feb. 26, the NTS inadvertently exposed a mnemonic code in a press release publicizing its seizure of assets from high-value delinquent taxpayers, which led to the theft of around 6 billion won ($4.6 million) worth of cryptocurrency. The National Police Agency's Cyber Terror Investigation Unit is currently tracking the stolen assets.

According to CoinNess market monitoring, BTC has risen above $71,000. BTC is trading at $71,001 on the Binance USDT market.

Crypto exchange Korbit will borrow approximately 24 billion won ($18.3 million) in virtual assets from NXC, Dailian reported. According to a filing with South Korea's Financial Supervisory Service's Electronic Disclosure System (DART) on March 10, Korbit signed an internal transaction agreement with NXC on March 4. The loan marks the third such transaction between the two companies since 2024.

Binance announced it will delist the DODO/BTC and GMT/EUR spot trading pairs at 3:00 a.m. UTC on March 13.

The price of Flow (FLOW) has surged shortly after the Flow Foundation filed for an injunction with the Seoul Central District Court to halt the token's delisting by South Korean crypto exchanges like Upbit and Bithumb. According to CoinMarketCap, FLOW is currently trading at $0.06186, up 50.27%. Previously, Upbit and Bithumb announced they would end trading support for FLOW at 6:00 a.m. UTC on March 16.

South Korean prosecutors have sold 320 bitcoins that were recovered after being stolen via a phishing site, with the proceeds returned to the state treasury, Kookmin Ilbo reported. The Gwangju District Prosecutors' Office announced that it sold 320.88 BTC in small increments over 11 days from Feb. 24 to March 6. The sale yielded 31.58 billion won (around $24.1 million), which has been transferred to the national treasury. The bitcoins, originally seized as criminal proceeds, were stolen around August of last year. Prosecutors became aware of the theft on Feb. 16 and, after identifying the wallet where the funds were transferred, worked with domestic and overseas crypto exchanges to block transactions. The assets were successfully recovered on Feb. 19.

South Korean crypto exchange Bithumb has announced the delisting of Nomina (NOM), scheduled for 6:00 a.m. UTC on April 13. The exchange explained that its decision was made because the materials submitted by the Nomina foundation were insufficient to resolve the issues that led to the token's designation as a cautionary investment item.

The U.S. is currently witnessing a major showdown between Coinbase and JPMorgan over the 'CLARITY' Act. With negotiations set to conclude in March, the bill is being viewed as a potential catalyst for the global cryptocurrency market. Its potential impacts range from a ban on stablecoin interest to serving as the key to a massive influx of institutional capital. This report breaks down the essential information that could shape the market's direction. The CoinNess Daily Report is a series that selects and analyzes one key issue in the cryptocurrency industry each day.

Bitcoin's price stability amid geopolitical tensions is thanks to buying pressure from institutional investors and whales, according to market analysts. Paul Howard, senior director at trading and liquidity provider Wincent, said the buying was led by over-the-counter (OTC) traders and MicroStrategy (MSTR), who anticipate an early end to the conflict with Iran. He added that this movement could signal a recovery in confidence for risk assets and noted growing interest in a carry trade strategy involving shorting MSTR stock while buying Bitcoin ETFs. Separately, Vikram Subburaj, CEO of Indian exchange Giottus, explained that spot BTC ETFs have recorded $1.7 billion in net inflows since late February, reversing a four-month trend of net outflows. He also pointed out that whale wallets holding over 1,000 BTC have been accumulating during the recent correction.

FirmaChain (FCT2) has unveiled its major roadmap for 2026–2027. Key milestones include: - Rebranding FirmaChain to Baseline in March 2026 - Converting FCT to a new native token at a 1:1 ratio in April 2026 - Launching EVM chain operations in May 2026 - Releasing an institutional verification product and integrating with prediction markets in January 2027

The Bhutanese government's Bitcoin holdings have fallen to 5,400 BTC, a 58% decrease from a peak of 13,000 BTC at the end of 2024, CoinDesk reported. Amid the drop in Bitcoin's price, the value of these holdings has also declined from $1.5 billion to its current level of $374 million. Previously, Lookonchain reported that a wallet presumed to belong to the Bhutanese government transferred 175 BTC ($11.85 million) early today, likely for selling.

The following are the 24-hour long/short ratios for BTC perpetual futures on the world’s three largest crypto futures exchanges by open interest: Overall: 51.07% long, 48.93% short - Binance: 51.26% long, 48.74% short - OKX: 51.52% long, 48.48% short - Bybit: 50.86% long, 49.14% short

Binance announced it will delist the ARDR/USDT cross and isolated margin pairs at 6:00 a.m. UTC today.

Bitmine (BMNR) deposited an additional 4,308 ETH ($8.74 million) to Coinbase Prime a short time ago, Onchain Lens reported. In total, Bitmine has transferred 9,608 ETH, worth approximately $19.49 million, to Coinbase Prime today.